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a balanced approach has achieved more than $2.5 trillion in deficit reduction. that's more than halfway towards the $4 trillion in deficit reduction that economists and elected officials from both parties believe is required to stabilize our debt. so we've made progress. i still believe that we can finish the job with a balanced mix of spending cuts and more tax reform. the proposals that i have put forward during the fiscal cliff negotiations in discussions with speaker boehner and others, are still very much on the table. i just want to repeat, the deals that i put forward, the balanced approach of spending cuts and entitlement reform and tax reform that i put forward are still on the table. i have offered sensible reforms to medicare and other entitlements, and my health care proposals achieved the same amount of savings by the beginning of the next decade as the reforms that have been proposed by the bipartisan bowls simple son fiscal commission. these reforms radio reduce our government's bill. what's up, cameraman? come on, guys. they're breaking my flow a
a balanced approach has achieved more than $2.5 trillion in deficit reduction. that's more than halfway towards the $4 trillion in deficit reduction that economists and elected officials from both parties believe is required to stabilize our debt. so we've made progress. i still believe that we can finish the job with a balanced mix of spending cuts and more tax reform. the proposals that i have put forward during the fiscal cliff negotiations in discussions with speaker boehner and others, are...
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everybody wanted -- he was there to talk about spending deficit and debt. everybody wanted to talk about gun control. almost to a person everyone said the only reason why the government wants me to go through background checks is so they know what background i have and how many guns i have so they can take my guns. that's what the perception is. >> there's a lot of paranoia. the there is no such plot a foot from anybody involved. of course the president is out of touch with the sport with the family traditions. that's why the picture was posted. >> here's a simple solution. all gun control ought to apply to everybody that includes the body guards anybody who works for the department or agency. if you don't think i need this or that weapon to protect my family you don't need yours. i am saying all americans are worth the same. my family is eerie bit as valuable as anybody else's family when he works in congress or the branch. >> we have to leave it there. stay tuned. we are going to tell you what it takes to accurately predict the outcome of a football game.
everybody wanted -- he was there to talk about spending deficit and debt. everybody wanted to talk about gun control. almost to a person everyone said the only reason why the government wants me to go through background checks is so they know what background i have and how many guns i have so they can take my guns. that's what the perception is. >> there's a lot of paranoia. the there is no such plot a foot from anybody involved. of course the president is out of touch with the sport with...
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to pay down the deficit. and potentially to make our businesses more competitive. >> president's call comes a day after his two most southeastern defense advisors warned the sequester would make the country less safe, and the president says the domestic spending cuts would slow down the economic recovery, which isn't producing jobs fast enough even now, shepard. >> shepard: what are we hearing from republican? reporter: they say the sequester was a white house idea. though the goal was to force a compromise by the so-called supercommittee. that didn't happen. now some lawmakers in both parties say the sequesterses of across the board cuts would be better than a bad deficit reduction deal. one senator said rather than continuing to raise taxes on hard-working americans, congress ought to be looking at ways to reduce our runaway federal spending. senator mitch mcconnell says congress acted on the tax issue when it allowed the bush administration tax cuts for the well-to-do to expire. some of them. now he says i
to pay down the deficit. and potentially to make our businesses more competitive. >> president's call comes a day after his two most southeastern defense advisors warned the sequester would make the country less safe, and the president says the domestic spending cuts would slow down the economic recovery, which isn't producing jobs fast enough even now, shepard. >> shepard: what are we hearing from republican? reporter: they say the sequester was a white house idea. though the goal...
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deficit under $1 trillion since 2008. that's projected to fall to $430 billion in 2015; that's about 2.4% of g.d.p. but the public debt is projected to hit 77% of the economy by 2023. >> countries that find themselves with very high debt to g.d.p. and then encounter economic problems or international circumstances to which they need to respond really find themselves in very bad and dangerous circumstances. >> reporter: so the budget trade-off remains: balancing near-term economic pain against long-term gain. darren gersh, "n.b.r.," washington. >> tom: a trio of companies relying on consumers had some mixed financial results late today but were greeted with mostly encouraging reactions with their stocks. we will have details from restaurants panera bread and chipotle ximen xiill in a amoment. but first, disney. while earnings per share were down from a year ago, they were better than estimates. tuna amobi covers disney for s&p capital i.q. take us through some of the details and really the mix of income within this big med
deficit under $1 trillion since 2008. that's projected to fall to $430 billion in 2015; that's about 2.4% of g.d.p. but the public debt is projected to hit 77% of the economy by 2023. >> countries that find themselves with very high debt to g.d.p. and then encounter economic problems or international circumstances to which they need to respond really find themselves in very bad and dangerous circumstances. >> reporter: so the budget trade-off remains: balancing near-term economic...
SFGTV2: San Francisco Government Television
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by playing on the republican field of deficits and debts instead of joblessness or say we're all trying to compromise, you make people feel everyone is equally involved in a gridlock that has led to a point where congress has a lower popularity rating than the banks. that is a feat. 9%. it is dropping even though there are good people inside the congress. there is a progressive congress. they put out a people's budget. bernie sanders has exposed the fed giving out trillions of dollars in addition to the tarp bailout. >> barney frank has taken a hike. >> that is worth talking about. you see in this congress michele bachmann and michele bachmann one of these -- wannabe's. there are fights about redistricting. >> use of the one strength the president obama, his rhetorical skill, is not sufficient. >> it has not been used at the scale necessary in this time of crisis. america is in a crossroads. this is a moment comparable to coming out of the great depression. this was a moment coming out of the financial crisis when tectonic shifts are under way in this country. hope is not a policy. poli
by playing on the republican field of deficits and debts instead of joblessness or say we're all trying to compromise, you make people feel everyone is equally involved in a gridlock that has led to a point where congress has a lower popularity rating than the banks. that is a feat. 9%. it is dropping even though there are good people inside the congress. there is a progressive congress. they put out a people's budget. bernie sanders has exposed the fed giving out trillions of dollars in...
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to pay down the deficit. and it should be used to potentially make our businesses more competitive. now, i think, is balanced mix of spending cuts and tax reform is the best way to finish the job of deficit reduction. the overwhelming majority of the american people, democrats and republicans, as well as independents, have the same view. and both the house and senate are working towards budget proposals that i hope help reflect this balanced approach. having said that, i know that having a full budget may not be finished before march 1. unfortunately, that is the date my fear is a powerful automatic cuts also known as the silk was sure are scheduled to take effect. if congress cannot act immediately on a bigger package -- i believe they should at least pass a smaller package of spending cuts and tax reforms that would delight the damaging effects of the sequester for a few months. there is no reason that the jobs of thousands of americans who work in national security or education or clean energy, not to ment
to pay down the deficit. and it should be used to potentially make our businesses more competitive. now, i think, is balanced mix of spending cuts and tax reform is the best way to finish the job of deficit reduction. the overwhelming majority of the american people, democrats and republicans, as well as independents, have the same view. and both the house and senate are working towards budget proposals that i hope help reflect this balanced approach. having said that, i know that having a full...
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annual deficits continue to shrink until 2017 when interest and health care costs begin increasing deficits again. in the next 10 years, cbo says the u.s. will add almost $7 trillion to the national debt. the problem mostly? entitlements? the fix? painful. >> it is possible to keep tax revenues at that time their historical average percentage of gdp but only making substantial cuts relative to current policies in the large benefit programs that aid a broad group of people. >> now on the other side elmendorf says you can keep benefits the same but you've got to raise taxes substantially. let's go to the economic forecast here. cbo expects unemployment to average 8% this year and 7.6% next year, marking six straight years above 7.5%. that is the first time that happened in 70 years. as for growth, cbo expect as sluggish economy this year and growth to pick up next year. back to you. david: rich, all of these forecasts are subject to change. i haven't seen a growth forecast that has been accurate, i think in my lifetime? >> know it's funny, we kept asking are you certain about this detail? dou
annual deficits continue to shrink until 2017 when interest and health care costs begin increasing deficits again. in the next 10 years, cbo says the u.s. will add almost $7 trillion to the national debt. the problem mostly? entitlements? the fix? painful. >> it is possible to keep tax revenues at that time their historical average percentage of gdp but only making substantial cuts relative to current policies in the large benefit programs that aid a broad group of people. >> now on...
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. >> a passionate discussion it certainly was they face a $1 billion budget deficit to have some difficult decisions had to make regarding which schools will need to be closed or consolidated. barbara byrd bana has already said she will not consider closing level one rated schools or high schools that still leaves hundreds of other schools on the chopping block it's also considering performance and safety issues parents tonight are hoping their neighborhood schools can keep open. we as parents are tired of teachers making decisions for us kids pleased with every do do not close each and every one of those little boys and girls that walk into the elementary school every day. there were 62 schools at this meeting tonight there are several more meetings just like this one planned over the next few weeks the final list of recommendations will come from ceo barbara byrd bana by march 31st we will give those recommendations to the chicago board of education and a final decision will be made no word on how many schools that maybe. live tonight in washington park. from chicago to west chicago spec
. >> a passionate discussion it certainly was they face a $1 billion budget deficit to have some difficult decisions had to make regarding which schools will need to be closed or consolidated. barbara byrd bana has already said she will not consider closing level one rated schools or high schools that still leaves hundreds of other schools on the chopping block it's also considering performance and safety issues parents tonight are hoping their neighborhood schools can keep open. we as...
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so, yes, reduce the deficit. but let's do it in a sensible way and the president has the prerogative of getting to put forward his budget the way he would like to present it to congress and then congress can do its work however it wants. and with that i yield to my friend and colleague from maryland and someone who has been very focused on reducing our deficits in a responsible way, mr. hoyer. the chair: the gentleman from maryland is recognized. may i remind my colleagues, i appreciate the honor, but i'm only a chairman today. the gentleman is recognized. mr. hoyer: we wish you the best for the future. the chair: thank you. mr. van hollen, may i ask for how long he was recognized? mr. van hollen: i yield four minutes. the chair: the gentleman from maryland is recognized. mr. hoyer: i thank the gentleman for yielding. mr. price of georgia said what the american people want. what the american people don't want is games. this is a game. this is a sham. this is a shame. what the american people want is honest legisl
so, yes, reduce the deficit. but let's do it in a sensible way and the president has the prerogative of getting to put forward his budget the way he would like to present it to congress and then congress can do its work however it wants. and with that i yield to my friend and colleague from maryland and someone who has been very focused on reducing our deficits in a responsible way, mr. hoyer. the chair: the gentleman from maryland is recognized. may i remind my colleagues, i appreciate the...
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the deficit goes back up even though we saw it go slightly down. they're calling this the sandwich generation, the people in the middle getting squeezed by taking care of their older parents that can't retire early and taking care of kids. youth unemployment at 11.5. >> more of the middle class becoming the working poor at this point. and the problem is, you can't ask the guy a question. he makes an announcement. you can't ask him a question to get meaningful discussion to hear the other side. when you have the chance, and he was able to have control to put something through, what did he do? we're still hearing blame it on bush. that's old. >> also tax hikes. we'll have the highest spending and highest government spending and highest tax rates. i'm not sure who is can connecte dots to create jobs. >> can i say something? the new normal is the old miserable. the carter era with bandwidth. does he care about the fracturing. the harder american life gets the more he can change it. when we take the bus instead of drive that's progress. he sees shrinkag
the deficit goes back up even though we saw it go slightly down. they're calling this the sandwich generation, the people in the middle getting squeezed by taking care of their older parents that can't retire early and taking care of kids. youth unemployment at 11.5. >> more of the middle class becoming the working poor at this point. and the problem is, you can't ask the guy a question. he makes an announcement. you can't ask him a question to get meaningful discussion to hear the other...
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indicated they will let the automatic cuts take effect if there's no long-term agreement to reduce the deficit. those cuts would take a big bite out of military spending and domestic programs. including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >> you stop for this passenger, you stop for the white passenger, you pass the black passenger, and you're not even licensed to pick up people on the street at all. >> quite a confrontation and now we have a big development in the wake of our undercover d.c. taxi investigation. the taxi cab commission is taking action to address the violations that we exposed. and it could include inspectors working alongside of our undercover crews. investigative reporter has been logging a whole lot of miles on this one, and russ, how would they embed their inspectors are our people? >> one of the frustrating things for viewers is that all those taxi cabs had to face was -- they walked scott free. in fact, one of those cabs, he would have impounded that if he had his lax along with us. the next time we do this operation, he doesn't have the
indicated they will let the automatic cuts take effect if there's no long-term agreement to reduce the deficit. those cuts would take a big bite out of military spending and domestic programs. including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >> you stop for this passenger, you stop for the white passenger, you pass the black passenger, and you're not even licensed to pick up people on the street at all. >> quite a confrontation and now we have a big...
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a blueprint would miss the deadline because the debate in washington over taxes, spending, and the deficit. it was supposed to be delivered to lawmakers yesterday. if you are worried about food safety the agriculture secretary tom vilsack says we need to cut back on a number of inspections on meatpacking plants unless congress can avoid the across-the-board spending cuts that take effect in march. he says the agriculture department is studying how to handlewhich could also impact nutritional programs and food safety research. we know we are in a housing recovery, but the d.c. market is on fire. i will have more on that in the next hour. live at bloomberg headquarters in new york, linda bell reporting for abc 7 news. back to you. >> thank you. we will see you shortly. 4:38 34 degrees at this hour. >> still ahead, a frantic scene in the heart of baltimore. a huge warehouse fire >> welcome back. 4:41 right now. beautiful. the washington monument. 34 degrees this morning. >> we are above the freezing mark. >> that's where we should be this time of year? >> we are working on it. we will been wa
a blueprint would miss the deadline because the debate in washington over taxes, spending, and the deficit. it was supposed to be delivered to lawmakers yesterday. if you are worried about food safety the agriculture secretary tom vilsack says we need to cut back on a number of inspections on meatpacking plants unless congress can avoid the across-the-board spending cuts that take effect in march. he says the agriculture department is studying how to handlewhich could also impact nutritional...
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to pay down the deficit. and potentially to make our businesses more competitive. now, i think this balanced mix of spending cuts and tax reform is the best way to finish the job of deficit reduction. the overwhelming majority of the american people, democrats and republicans, as well as independents, have the same view. and both the house and the senate are working towards budget proposals that i hope reflect this balanced approach. having said that, i know that a full budget may not be finished before march 1st, and unfortunately that's the date when a series of harmful automatic cuts to job-creating investments and defense spend, also known as sequester, are scheduled to take effect. so, if congress can't act immediately on a bigger package, if they can't get a bigger package done by the time the sequester is scheduled to go into effect, then i believe that they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a
to pay down the deficit. and potentially to make our businesses more competitive. now, i think this balanced mix of spending cuts and tax reform is the best way to finish the job of deficit reduction. the overwhelming majority of the american people, democrats and republicans, as well as independents, have the same view. and both the house and the senate are working towards budget proposals that i hope reflect this balanced approach. having said that, i know that a full budget may not be...
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indicated they will let the automatic cuts take effect if there's no long-term agreement to reduce the deficit. those cuts would take a big bite out of military spending and domestic programs including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >>> police in the east bay have a man under arrest in a hit-and- run accident that injured a mother and two children last night about 5:45. the woman and two children ages 1 and 7 were in a crosswalk on crestview drive when they were both struck -- all three. the 7-year-old girl was on a bicycle and the 1-year-old was in a stroller. witnesses helped police track down a suspect 45 minutes later. >> we have some witnesses on scene that were able to give real good descriptions to our officers on the vehicle as well as his physical description. our officers located the vehicle within blocks of the collision call and arrested the suspect in this case. >> 24-year-old noe delgado of pittsburg is held in county jail in martinez on suspicion of felony hit-and-run. police say he did not show any signs of intoxication but an investigatio
indicated they will let the automatic cuts take effect if there's no long-term agreement to reduce the deficit. those cuts would take a big bite out of military spending and domestic programs including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >>> police in the east bay have a man under arrest in a hit-and- run accident that injured a mother and two children last night about 5:45. the woman and two children ages 1 and 7 were in a crosswalk on crestview drive...
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economic recovery and the deficit issues that face our kids and grandkids. a lot of lip service is paid to dealing with the middle class. that is the buzzword. i get concerned we're talking about just us. what about our kids? what about the middle class of the future? what middle-class life for the behalf unless we step up and do the right things? and to me it is -- i campaigned. i campaigned on the suicide mission to reform medicare end to do tax reform. every town hall, every rotary, chamber meeting. i would talk about those things and those two things only. guaranteed political suicide. we can do this. >> in answer to that question, what will we do to get washington to do with the fiscal challenge? there were some business leaders and alan greenspan was there. he said what are you going to do something on this fiscal challenge? are you going to do it before or after the bond market crashes and it will crash. he is not known for hyperbole. and it struck me that the former chair of the federal reserve is saying you are facing an impending crisis and you wil
economic recovery and the deficit issues that face our kids and grandkids. a lot of lip service is paid to dealing with the middle class. that is the buzzword. i get concerned we're talking about just us. what about our kids? what about the middle class of the future? what middle-class life for the behalf unless we step up and do the right things? and to me it is -- i campaigned. i campaigned on the suicide mission to reform medicare end to do tax reform. every town hall, every rotary, chamber...
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joe, you talked about the need to manage down the debt and deficit. we've been for that and we will continue to demonstrate our commitment to fiscal discipline and want the president to join us. we also in all of this, i don't think completed a sentence, we're trying to do this to help people, trying to do it to help the moms and dads having a very difficult time right now. i get it. i'm a parent and get what working parents are going through and trying to address the needs of educatiing childre and the needs of health care costs rising and implementation of the president's health care law and we will talk about trying to make life work again for so many millions of americans. >> let me ask you this, one of the great frustrations, i was on the panel of any national conservative institute and people talking about not only the conservative movement but the republican party. one of the frustrations voiced by bill crystal and john pedoritz -- did i say it right? we complained about dodd-frank but really didn't have a strong alternative to dodd-frank. we c
joe, you talked about the need to manage down the debt and deficit. we've been for that and we will continue to demonstrate our commitment to fiscal discipline and want the president to join us. we also in all of this, i don't think completed a sentence, we're trying to do this to help people, trying to do it to help the moms and dads having a very difficult time right now. i get it. i'm a parent and get what working parents are going through and trying to address the needs of educatiing...
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the sequester is designed to get the deficit under control, but economists are worried that the cuts are so deep they'll trigger a recession. today the president called on congress to pass a budget package to avoid the sequester or at least delay the shock. >> if they can't get a bigger package done by the time the sequester is scheduled to go into effect, then i believe that they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a few more months until congress finds a way to replace these cuts with a smarter solution. >> pelley: in an interview on sunday we asked the president about all of this. we found out last week that the economy actually shrank in the last three months of last year. if the federal spending cuts that are on tap for march actually take effect, will that push the country into recession? >> i don't know if it will push the country into recession but here's what we know. the reason that the economy shall rank a little bit despite the fact that housing is recovering, manuf
the sequester is designed to get the deficit under control, but economists are worried that the cuts are so deep they'll trigger a recession. today the president called on congress to pass a budget package to avoid the sequester or at least delay the shock. >> if they can't get a bigger package done by the time the sequester is scheduled to go into effect, then i believe that they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically...
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and i wonder if the message, reducing the debt and deficit, fixing the education system for the most vulnerable is the way he puts it. the way he talks about immigration, are those things that will resonate? >> i think jonathan's right. what the republican party used to stand for, when george h.w. bush was president, is something that the republican party doesn't seem to stand for for most americans anymore. what they seem to stand for today is being, you know, insensitive on immigration. and not being mindful of a woman's -- you know, women's rights and there are symbols that the republican party promotes, like, they say they're for education, but they want to abolish the department of education. and i think that makes it difficult for them to cut through. if eric cantor can do it, then it needs to be done. but i'm just -- i think that there are candidates out there every single cycle that get in the way of the republicans try to rebrand and they are back in this same position every two years. >> eric cantor is not alone, for sure, jonathan, your old boss, or i guess your boss, karl
and i wonder if the message, reducing the debt and deficit, fixing the education system for the most vulnerable is the way he puts it. the way he talks about immigration, are those things that will resonate? >> i think jonathan's right. what the republican party used to stand for, when george h.w. bush was president, is something that the republican party doesn't seem to stand for for most americans anymore. what they seem to stand for today is being, you know, insensitive on immigration....
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they are not sure they want to use that money to lor lower the deficit. that is one of the issues that will need to be resolved as the president and congress workout this deal to avoid this sequester, gregg. gregg: the republicans didn't win the last tax battle. we'll wait and see. wendell goler live at the white house. thank you. martha: there are new questions today about the biggest gas price skwrupl nap years in some states. what is going on out there? we'll have new details and what might be the latest pain at the pump. . . . ..
they are not sure they want to use that money to lor lower the deficit. that is one of the issues that will need to be resolved as the president and congress workout this deal to avoid this sequester, gregg. gregg: the republicans didn't win the last tax battle. we'll wait and see. wendell goler live at the white house. thank you. martha: there are new questions today about the biggest gas price skwrupl nap years in some states. what is going on out there? we'll have new details and what might...
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they are not sure they want to use that money to lor lower the deficit. that is one of the issues that will need to be resolved as the president and congress workout this deal to avoid this sequester, gregg. gregg: the republicans didn't win the last tax battle. we'll wait and see. wendell goler live at the white house. thank you. martha: there are new questions today about the biggest gas price skwrupl nap years in some states. what is going on out there? we'll have new details and what might be the latest pain at the pump. . . . .. martha: we're working on getting more information on u.s. gold medalist lindsey vonn. she is a four-time world champion. the event that was going on in austria, she had a crash. she said it was very foggy. it was delayed a couple hours. three out of the other four top racers did not finish the race. on the left-hand side of the screen you can see her being airlifted. when she got up, she stumbl.
they are not sure they want to use that money to lor lower the deficit. that is one of the issues that will need to be resolved as the president and congress workout this deal to avoid this sequester, gregg. gregg: the republicans didn't win the last tax battle. we'll wait and see. wendell goler live at the white house. thank you. martha: there are new questions today about the biggest gas price skwrupl nap years in some states. what is going on out there? we'll have new details and what might...
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we need to reduce our deficit and begin paying down our debt. but irresponsible across-the-board sequestration cuts are not the way to do it. i yield back the balance of my time. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from michigan seek recognition? without objection, the gentleman is recognized for one minute. >> mr. speaker, america's manufacturing sector has played an invaluable role over the last century in propelling our economy and creating a strong and vibrant middle class. manufacturing continues to be a bright spot in our economic recovery. since 2010, the u.s. has added over a half a million manufacturing jobs. mr. kildee: that's progress. but in a time where millions of americans continue to struggle, we can and must do more. congress should be working every day to rebuild our economy and create good-paying jobs right here in america not overseas. that's why i support the make it in america agenda, which will strengthen manufacturing and rebuild our infrastructure. it will also m
we need to reduce our deficit and begin paying down our debt. but irresponsible across-the-board sequestration cuts are not the way to do it. i yield back the balance of my time. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from michigan seek recognition? without objection, the gentleman is recognized for one minute. >> mr. speaker, america's manufacturing sector has played an invaluable role over the last century in propelling our economy...
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it says our deficit for this year will only be $845 billion. this is considered good news, because for the past few years, it's been over a trillion dollars. when spending more than $800 billion than we take in is viewed as progress, it's time to get serious. let's hope for the good of our country, our lawmakers do just that. have a great night, everybody. "fast money" begins right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. magic kingdom. disney's been the happiest place on earth for investors. why mickey mouse is still a good bet. tech troubles. it's the worst sector so far this year. tom picks that benefit from the mobile revolution. and blackberry brawl. can the momentum continue for blackberry? dan and guy duke it out in a smartphone street fight. first, let's get straight to breaking news here. shares of hewlett-packard surging on reports that the board is studying potential breakup scenarios. jon fortt has the latest. fact or fiction here? >> melissa -- fact, but not extremely exciting fact
it says our deficit for this year will only be $845 billion. this is considered good news, because for the past few years, it's been over a trillion dollars. when spending more than $800 billion than we take in is viewed as progress, it's time to get serious. let's hope for the good of our country, our lawmakers do just that. have a great night, everybody. "fast money" begins right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee....
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rich: $1.1 trillion, that was our deficit for 2012. this is the most recent projections by the office. this year, a budget deficit -- the decade production was $2.26 trillion. these numbers will be much different. much worse. it must examine the budget as if congress does absolutely nothing. and current policy continues. we have had some changes. mainly that built that passed congress earlier in the year. millions of middle-class americans do not have to pay the amt. it also changed the estate tax bumping down the rate of little bit lower than what it had been over the exception of little bit higher. the numbers we just show you, the real numbers will be much worse. we will find out at 1:00 o'clock. back to you. dagen: are we going to be in a statement from the white house at 1:15 p.m.? rich: he will talk about the sequester. he will push for congress to pass a smaller package of spending cuts and tax reform to avoid the economically harmful consequences. he wants tax increases and spending cuts. the tax issue is closed, says the repub
rich: $1.1 trillion, that was our deficit for 2012. this is the most recent projections by the office. this year, a budget deficit -- the decade production was $2.26 trillion. these numbers will be much different. much worse. it must examine the budget as if congress does absolutely nothing. and current policy continues. we have had some changes. mainly that built that passed congress earlier in the year. millions of middle-class americans do not have to pay the amt. it also changed the estate...
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of the house john boehner rejected that, saying republicans want a bigger agreement on a long-term deficit reduction plan. the white house also announced today president obama will be going to israel this spring for the first time since taking office. israeli media say he's due to arrive march 20th. though the white house would not confirm any of the travel dates. >>> we are learning much more tonight about the breaking story we brought you here last night. the dramatic rescue of a 5-year-old boy, after a standoff in alabama that lasted almost a week. nbc's gabe gutierrez is with us tonight from midland city, alabama. gabe, good evening. >> brian, good evening. today ethan's mother broke her silence. in a written statement she said i woke up this morning to the most beautiful sight, my sweet boy. i can't describe how incredible it is to hold him again. at the hospital today, there were no signs of the ordeal young ethan, seen here in earlier photos, has been through. >> he was running around the hospital room, putting sticky notes on everyone that was in there. eating a turkey sandwich. an
of the house john boehner rejected that, saying republicans want a bigger agreement on a long-term deficit reduction plan. the white house also announced today president obama will be going to israel this spring for the first time since taking office. israeli media say he's due to arrive march 20th. though the white house would not confirm any of the travel dates. >>> we are learning much more tonight about the breaking story we brought you here last night. the dramatic rescue of a...
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so the people can understand that you have an objective in mind you are objective is to get the deficit below 20% by 2015. we are on track for that. we need to pay overtime allowances for agency workers and so on on new year's. the congress and the u.s. government operate differently than government here. the strategy with enough time to achieve that. there is a constant explanation to people as to how you intend to get the. we need european support. in that sense, the united states is such a huge country. with such potential. i believe that i think the united states also needs to look at the global positioning because of the impact on the world economy. >> thank you very much. i'm sorry that we are going to have to draw this to a close. i was hoping that the irish prime minister with a a message saying that if you could only get your act together and cure these problems, it would be so much better for europe and the world. but you are way too much of a diplomat for that. [laughter] >> thank you very much. i'm sorry we cannot take more questions. it's been a fascinating session. please
so the people can understand that you have an objective in mind you are objective is to get the deficit below 20% by 2015. we are on track for that. we need to pay overtime allowances for agency workers and so on on new year's. the congress and the u.s. government operate differently than government here. the strategy with enough time to achieve that. there is a constant explanation to people as to how you intend to get the. we need european support. in that sense, the united states is such a...
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we are also told he has attention deficit disorder. psychologically, how is this going to affect the little boy over the longterm? >> i think any ability in any trauma that happens to a child, whether they have a psychiatric or mental health problemo ornot is going to fall heavily on them. the biggest message we can send to this child by his mother and father is he is safe and he is protected because he didn't feel safe and he wasn't protected and he ended up in this situation. that's the biggest impact on a child, especially after something is resolved. luckily, this is successfully resolved. >> and of course, we don't know at this point what happened? we don't know whether there was sexual abuse or physical abuse or what happened in the bunker. >> right, and the tendency is going to be to swarm around him to get information, both to help him and to understand what went down down under that ground, but the bottom line is right now, these next few days are critical for this boy to bond with his family, to feel safe and feel protected.
we are also told he has attention deficit disorder. psychologically, how is this going to affect the little boy over the longterm? >> i think any ability in any trauma that happens to a child, whether they have a psychiatric or mental health problemo ornot is going to fall heavily on them. the biggest message we can send to this child by his mother and father is he is safe and he is protected because he didn't feel safe and he wasn't protected and he ended up in this situation. that's the...
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congress has the next three and a half months to run up the deficit as much as it wants. the house and senate extended the debt ceiling. president obama has signed the no budget, no pay act of 2013. not only does that put off the nation's debt obligations until may 18th, it also withholds pay for a number of congressmen and womenless women unless they pass a budget by april. >>> eight senators have voted to block the violence against women act. that bill would protect victims of domestic violence and this particular version extends that care to illegal immigrants, native americans and lgbt members. senators who voted against considering that bill include ted cruz, marco rubio and rand paul, all republicans. more bill's up next. stay with us. to me now? you know the kind of guys that do reverse mortgage commercials? those types are coming on to me all the time now. (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's what you're saying. you would rather deal with ahmadinejad than me. >>absolutely. >> a
congress has the next three and a half months to run up the deficit as much as it wants. the house and senate extended the debt ceiling. president obama has signed the no budget, no pay act of 2013. not only does that put off the nation's debt obligations until may 18th, it also withholds pay for a number of congressmen and womenless women unless they pass a budget by april. >>> eight senators have voted to block the violence against women act. that bill would protect victims of...
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were designed to be so painful they would force congress to come up with a smarter way to trim the deficit instead. but it didn't happen. house republicans point out they've passed the bill to replace the sequester with cuts to federal worker pay, food stamps, and other programs. democrats say that puts the burden on poor and middle-class americans to pay for debt reduction. >> remember, the american people still believe by an overwhelming margin that the rich should contribute to this. >> reporter: but republicans argue democrats have no plan for replacing the sequester beyond eliminating tax breaks from corporate jet owners and oil companies. >> these aren't real solutions, mr. president. they'regimmicks. >> reporter: the sequester was originally supposed to quick in last month, but a last-minute deal between the vice president and senator mcconnell, who you just saw, pushed it off for two months. since then, the will to enact a long-term deal appears, charlie and nora, to have evaporated. >> nancy cordes. >>> meantime, house majority leader eric cantor will be outlining a new agenda for
were designed to be so painful they would force congress to come up with a smarter way to trim the deficit instead. but it didn't happen. house republicans point out they've passed the bill to replace the sequester with cuts to federal worker pay, food stamps, and other programs. democrats say that puts the burden on poor and middle-class americans to pay for debt reduction. >> remember, the american people still believe by an overwhelming margin that the rich should contribute to this....
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on why he wants republicans to focus more on issues like education and health care and less on the deficit. what about immigration and is just tweak be the talking points enough? we'll have a special note to self on the intern who rushed to save gabby giffords just moments after she was shot. the justice department and government action that local grewries say is a good thing. we'll be live in alexandria, virginia. lots ahead because the news is back in the morning. we'll see you at 7:00. >> we like it. thank you, norah. we'll be watching. >>> baltimore is in party mode this morning. its countdown to the ravens victory parade in honor of their sunday triumph at the super dome. >> delia goncalves live in the newsroom with more on the big celebration including joe flacco's time at the david letterman show. good morning, delia. >> reporter: good morning. flacco has been very busy. he had a great time. you mentioned he probably looked tired. absolutely because he had a whirlwind couple of days. the city will virtually shut down today for the big parade. several streets are blocked off. busines
on why he wants republicans to focus more on issues like education and health care and less on the deficit. what about immigration and is just tweak be the talking points enough? we'll have a special note to self on the intern who rushed to save gabby giffords just moments after she was shot. the justice department and government action that local grewries say is a good thing. we'll be live in alexandria, virginia. lots ahead because the news is back in the morning. we'll see you at 7:00....
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this president said he was going to cut the deficit. he went from a $6 trillion economy to a $9 trillion economy. his jobs plan was a complete failure. the democrats talk about the war on women, yet you have this mr. menendez who flies to a southern country, has sex with an underage gal, and does not want to pay this prostitute. here's a guy who makes all kinds of money. it is ridiculous. the democrats had senator byrd in the race -- in the senate for years and they talk about race. you guys do not seem to be able to get your message across. i know you are frustrated. it is not a spending problem. of course it is a spending problem. we never have budgets like this, throwing money at all times of all kinds of different programs. how many more democrats talk about, i did not cheat on my wife, i only did it when her cancer was in remission. guest: the caller has raised a number of different points. one point, the overarching theme of his call was the frustration he has of republicans getting the message out. i do appreciate c-span allowing
this president said he was going to cut the deficit. he went from a $6 trillion economy to a $9 trillion economy. his jobs plan was a complete failure. the democrats talk about the war on women, yet you have this mr. menendez who flies to a southern country, has sex with an underage gal, and does not want to pay this prostitute. here's a guy who makes all kinds of money. it is ridiculous. the democrats had senator byrd in the race -- in the senate for years and they talk about race. you guys do...
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slow as it is and the deficit issues that face our kids and grandkids. a lot of lip service is paid to dealing with the middle class. i get concerned we're talking about just us. what about our kids? what about the middle class of the future? what life will they have? to me it is -- i campaigned on a suicide mission to reform reform. and dre and do tax every meeting, i would talk about those things and those things ony. -- only. i am still here. >> in answer to that question, i was in a meeting in september of home.t mark warner's alan greenspan was there. do aid, why don't you something big on this fiscal challenge? are you going to do it before or after the bond market crashes and it will crash. he was not known for hyperbole. it struck me that the former chair of the federal reserve was saying you're facing an impending crisis and you are going to need to deal with it. are you going to deal with it before it hits or after? the answer is -- i want to deal with the problem before it becomes a crisis. we need to build trust necessary to find the solution
slow as it is and the deficit issues that face our kids and grandkids. a lot of lip service is paid to dealing with the middle class. i get concerned we're talking about just us. what about our kids? what about the middle class of the future? what life will they have? to me it is -- i campaigned on a suicide mission to reform reform. and dre and do tax every meeting, i would talk about those things and those things ony. -- only. i am still here. >> in answer to that question, i was in a...
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forecasting our future deficits. expect a lot of red ink. i expect a lot. president obama will miss his budget deadline. it is the third year and a row in the fourth time they have done that. you know, after all of that, i need a change of subject. i give you budweiser's clydesdale commercial. ♪ ♪ i took my love and i took it down mobile i climbed a mountain and i turned around ♪ ♪ stuart: that really was heartwarming. it was the number one super bowl ad. at 10:45 a.m., we have a very force on the road and the man who created that ad. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. all on thinkorswim. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative
forecasting our future deficits. expect a lot of red ink. i expect a lot. president obama will miss his budget deadline. it is the third year and a row in the fourth time they have done that. you know, after all of that, i need a change of subject. i give you budweiser's clydesdale commercial. ♪ ♪ i took my love and i took it down mobile i climbed a mountain and i turned around ♪ ♪ stuart: that really was heartwarming. it was the number one super bowl ad. at 10:45 a.m., we have a very...
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earlier today cantor spoke about fiscal discipline, pressing the president to lead the way in deficit reduction. >> we want to see from the president how long he thinks it should take to balance a budget and how he's going to do it. you know, at the end of the day all of us are here trying to improve the prospects for a brighter future for all americans. >> reporter: while cantor is expected to talk more about the economy in a speech today, he's also likely to discuss education and health care. one capitol hill watch every says he's trying to get more people under the gop tent. >> trying to resell and remessage republican philosophy. it's not a change. it's not amending the republican agenda. thisit's not switching out their principles, but trying to put a fresh look on what their agenda is and trying to frame it as a pragmatic, useful, helpful agenda that makes your life work better. >> reporter: stoddard says cantor is one of the younger gop lawmakers trying to put forward a modern image of the party while still adhering to conservative principles. jenna? jenna: molly henneberg live
earlier today cantor spoke about fiscal discipline, pressing the president to lead the way in deficit reduction. >> we want to see from the president how long he thinks it should take to balance a budget and how he's going to do it. you know, at the end of the day all of us are here trying to improve the prospects for a brighter future for all americans. >> reporter: while cantor is expected to talk more about the economy in a speech today, he's also likely to discuss education and...
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the president will largely focus his attentn on immigration reform and deficit reduction exactly one week ahead of his state of the union address. president obama is juggling a full plate of proposals on guns and immigration. janet napolitano. >> we are committed to making sure this sector and the entire southwest border remains secure. >> reporter: immigration reform would allow estimated 11 million undocumented immigrants living in the u.s. to earn citizenship. on monday he took his push for tougher gun laws to minneapolis, the city known as murderapolis in the mid '90s. >> weapons of war have no place on our streets or in our schools or threaten iing our law enforcement officers. >> reporter: against the backdrop of those officers, president obama urged supporters to call on congress to act. >> we don't have to agree on everything to agree it's time to do something. >> reporter: while both sides largely agree with a need for extended background checks, reinstating the assault weapons ban remains the most controversial effort. president obama is ignoring the nation's economic chall
the president will largely focus his attentn on immigration reform and deficit reduction exactly one week ahead of his state of the union address. president obama is juggling a full plate of proposals on guns and immigration. janet napolitano. >> we are committed to making sure this sector and the entire southwest border remains secure. >> reporter: immigration reform would allow estimated 11 million undocumented immigrants living in the u.s. to earn citizenship. on monday he took...
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that, you know, we've heard from republicans, we want to shrink the government, we want to shrink the deficit but not the why. >> i definitely think we are about solving the big problems, macro fiscal problems. the president hasn't joined us. but the reason we're doing that is we want to help people. we don't want to see interest rates skyrocket. what's that going to do to people who are already struggling to pay their mortgage? we don't want to see taxes go up anymore. what's that going to do to somebody who already has now just experienced a tax hike. we want to make life work again, and the path to do that does include trying to get a handle on the fiscal situation here in washington, but it also means putting in place policies that help people with their health care costs, their education needs, college tuition and the rest. >> you want to make people's lives better. some might ask how you can do that and still slash the federal budget the way you want to slash in order to meet your other goal, which is to reduce the deficit. >> well, again, these are, you know, things that we're trying t
that, you know, we've heard from republicans, we want to shrink the government, we want to shrink the deficit but not the why. >> i definitely think we are about solving the big problems, macro fiscal problems. the president hasn't joined us. but the reason we're doing that is we want to help people. we don't want to see interest rates skyrocket. what's that going to do to people who are already struggling to pay their mortgage? we don't want to see taxes go up anymore. what's that going...
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officials say congress needs more time to work out a 10 year plan worth more than one trillion and deficit reduction. >> jackie sissel the live in san francisco taking a look at the gas prices. >> they are going up. this past january was the second most expensive january ever for gasoline. the chevron and standards as the $3.95 as the guest for regular unleaded gasoline. it is up 24¢ in the last month. these numbers are brought to you by triple a, four california. $3.93 is the average. that is up 33¢ and last month, up 14¢ and as the last seven days. that puts us second only to hawaii as the most exquisite gas in the nation. in the bay area we are hovering around the california average. sampras's go $3.93, oakland $3.85, san jose $3.87. the big question is why are we paying so much for all of this gas? it is a multitude of reasons. one because the economy is doing well and speculators are driving up the cost of gas. the second is that the price of crude oil. it is up to 95 to zero hundred dollars a barrel. the third and probably biggest reason why we're paying so much right now is becau
officials say congress needs more time to work out a 10 year plan worth more than one trillion and deficit reduction. >> jackie sissel the live in san francisco taking a look at the gas prices. >> they are going up. this past january was the second most expensive january ever for gasoline. the chevron and standards as the $3.95 as the guest for regular unleaded gasoline. it is up 24¢ in the last month. these numbers are brought to you by triple a, four california. $3.93 is the...